Speaking with CNBC this afternoon, Ellison said the company is focused on the future of cloud computing. While he complimented NetApp, a sometimes rumored target, he said that would be a big deal and unlikely. (NetApp shares were down about 1% in after-hours trading.)

“Right now we are not focused on any large acquisition,” Ellison said. “We think we have all the assets in house to grow very rapidly on an organic basis.”

Oracle has made several big purchases recently, including buying SelectMinds less than a month ago, making three deals in July and eight deals total this year.

The biggest deal was the $1.92 billion purchase of Taleo Corp., which helps businesses recruit and track job applicants. Some analysts have seen Oracle in a race with the likes of Salesforce and VMWare for space in the cloud.